4 ms·

Who with cash is going to buy all of these businesses and take on their debt? Apple? Microsoft? Some PE firms? Or is your proposal to default on all the debt f

• mistermann 7y ago
  They United Stats Government should do it. They have literally unlimited funds, and this approach would actually be the most consistent with our "capitalistic" economic model. Not that we live in anything approaching a capitalist economy of course, but it would be funny if they were logically consistent for once.
  • trimbo 7y ago
    > They United Stats Government should do it That's what they're doing and what the article is about. [Edit: not buying the companies outright, but buying their debt] The person I was responding to was proposing something else about clever entrepreneurs buying up all of these industries in bankruptcy, or something.
    • mistermann 7y ago
      They should get equity along with the debt, for those companies for whom this is not merely a liquidity issue. Boeing is an example of such a company.
  • dragontamer 7y ago
    > They United Stats Government should do it. They have literally unlimited funds, and this approach would actually be the most consistent with our "capitalistic" economic model. That's actually called Socialism, when the government buys up companies and starts to own the means of production.
    • mistermann 7y ago
      Under capitalism, if you go broke, you're broke. Boeing is broke, because the executives took all the cash for themselves via buybacks. If the taxpayers are getting their wallet out, it should be to purchase something. So, they will be purchasing equity in the bankrupt company. If Boeing doesn't like it, they can go pound sand, or maybe the executives could use the money (that formerly belonged to the shareholders) to purchase the shares themselves. Of course they don't want that, they want to have their cake and eat it too, again.
• llcoolv 7y ago
  It won't disappear. Just change owners as it was already explained and proven.